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This photo provided by the National Small Business Association shows Todd McCracken, president of the National Small Business Association. According to McCracken even if Congress reaches an agreement on the Fiscal Cliff, small business owners won't have the certainty they need. (AP Photo/National Small Business Association)
This undated handout photo, provided by James Schrager shows James Schrager, a professor of entrepreneurship at the University of Chicago Booth School of Business. Schrager warns that banks aren't just cautious about small business loans, but that home equity loans, a traditional source of money for people starting or expanding a business, remain difficult to get, the result of the collapse in the mortgage market in 2008. (AP Photo/James Schrager)
This undated handout photo, provided by Steven Kaplan shows Steven Kaplan, a professor of entrepreneurship and finance at Chicago�s Booth School. Kaplan says as China becomes more of a middle-class country, wages for its workers are rising, and that is lessening some of the appeal of manufacturing there for U.S. companies. (AP Photo/Steven Kaplan)
John Arensmeyer, CEO of Small Business Majority, an advocacy group for small business owners, poses for a portrait at the Small Business Majority office in Washington, on Wednesday, July 11, 2012. Health care has been another source of uncertainty for small business owners. The new year will bring some, but probably not all, of the answers to questions about how the new health care law will affect them."They'll have to get their arms around the law, look at their options, learn more about the exchanges," says Arensmeyer. (AP Photo/Jacquelyn Martin)
Q: Next year, 2017, will be my first year to take a required minimum distribution (RMD), and I am trying to find the best way to do it. Vanguard recommends waiting until the end of the year, then taking the money out in one lump sum. They believe waiting allows dividends and interest to compound. Some recommend taking it out at the beginning of the year. My thinking is to have the dividends, interest and capital gains taken out as accrued, then take the remaining amount needed out in December. What is your recommendation?